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NIFTY MEDIA

Nifty Media Outlook for the Week (Mar 13, 2023 – March 17, 2023)

Check Nifty Media Index Full Analysis At Unicorn Signals

Nifty Media Weekly Outlook and Analysis:

For the Week: (Mar 13, 2023 – March 17, 2023)

Nifty Media Outlook for the Week (Mar 13, 2023 – March 17, 2023)

NIFTY MEDIA Index closed the week on negative note losing 22.50 points 1.29%.

Weekly High: 1,774.80

Weekly Low: 1,720.30

Weekly Close: 1,727.90

Weekly Support & Resistance For Nifty Media Index:

RESISTANCE 21,795                                                          
RESISTANCE 11,761
SUPPORT 11,707 
SUPPORT 21,686    
Nifty Media Outlook for the Week (Mar 13, 2023 – March 17, 2023)

Technically on the daily charts we see minor support on the downside for NIFTY MEDIA index lies at 1,700 levels, whereas minor resistance on the upside is capped around 1,745-1,760 levels.

If NIFTY MEDIA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 1,675 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 1,785.

Currently NIFTY MEDIA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 1,685 on downside and 1,775 on upside.

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